Nestle sells Givaudan stake as it trims portfolio
date:Dec 09, 2013
s suppliers, 11 years ago as part of a deal to sell Givaudan its food ingredient company FIS for 750 million francs in cash and stock.

The move was also strategic, in helping to prevent a takeover of Givaudan, which was founded in the late 19th century and spun off from Swiss pharmaceuticals group Roche in 2000.

Today it is the world's top supplier of fragrances, extracts and flavourings with customers ranging from soup and soap maker Unilever to perfume makers like Dior and Prada.

Its shares
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